Oman India Joint Investment Fund (OIJIF), a private equity fund sponsored by Oman’s sovereign wealth fund State General Reserve Fund and India’s largest lender State Bank of India, has picked up another 5.3 per cent stake in India’s largest agri-commodity derivatives exchange National Commodity & Derivatives Exchange Ltd (NCDEX) from Jaypee Capital Services Ltd for Rs 49.56 crore ($7.87 million).
The deal was closed late last month and came as a second leg of a transaction where previously OIJIF teamed up with other investors to buy a stake in NCDEX...............................................Full Article: Source